News
Category:
Tax Breaks & Subsidies
Arkansas Legislature rejects renewable power mandate
April 4, 2013 by Alyssa Carducci in The Heartland
April 4, 2013 by Alyssa Carducci in The Heartland
Observing that energy costs are a key factor encouraging or stifling economic growth, Taylor presented economic data showing renewable power is substantially more expensive than conventional power. Taylor also presented U.S. Energy Information Administration (EIA) projections indicating renewable power will be substantially more expensive than conventional power for at least the next several decades.
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Arkansas]
Bill Introduced to Extend Federal Renewable Energy Tax Credits
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
Washington, DC [RenewableEnergyAccess.com] Tax credits to promote renewable energy got a reassuring boost from lawmakers this week in Congress as a Senate bill was introduced to extend new federal tax credits authorized in the Energy Policy Act of 2005 through 2010.
Also filed under [
USA]
Despite a short-term spike in the cost of wind power, data from a recent Emerging Energy Research study shows wind energy is nearly cost-competitive.
The Comparative Costs of Energy report focuses on the European market but can be applied to the U.S. market as well, said William Ambrose, president of EER. Much of the study was based on global trends in the industry, he said.
David Cameron: Time for innovation to tackle Climate Change
April 20, 2006 by Conservatives Press Release in conservatives.com
April 20, 2006 by Conservatives Press Release in conservatives.com
In his first major speech on climate change David Cameron will outline Conservative plans to replace Labour's Climate Change Levy with a new, more effective and better targeted Carbon Levy.
Elgin wind energy exec was at White House for second visit
March 10, 2013 by Mike Danahey in The Courier News
March 10, 2013 by Mike Danahey in The Courier News
An interview with Royer for The Courier-News about the meeting that had been set for Monday afternoon was cancelled Monday morning. Carol Gieske, president of the Elgin Area Chamber of Commerce, said, "It was a closed meeting, so he is unable to discuss what transpired."
Evolution Markets Completes Auction of RECs for Mass Tech Collaborative
May 5, 2006 in Renewable Energy Access
May 5, 2006 in Renewable Energy Access
Westborough, Massachusetts [RenewableEnergyAccess.com] Evolution Markets LLC completed an auction of renewable energy certificates (RECs) for the Massachusetts Technology Collaborative (MTC), a public economic-development agency that manages the state's Renewable Energy Trust, for an average price of $53.10 [per MWh].
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Massachusetts]
German government looks to slash renewables funding
February 15, 2013 by Sara Knight in Windpower Monthly
February 15, 2013 by Sara Knight in Windpower Monthly
A joint proposal to cut the costs of increasing Germany's renewable energy capacity has been presented by the federal economy and environment ministers.
If the measures are implemented, renewable energy association BEE fears a massive market collapse for investment in renewables.
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Germany]
Energy group E.ON is leading calls for the Government to give tax breaks to people who have installed insulation and double glazing in their homes.
House OKs fees on oil industry; Dems say plan could produce $15 billion for renewable fuels
January 19, 2007 by H. Josef Hebert, Associated Press in Knox News
January 19, 2007 by H. Josef Hebert, Associated Press in Knox News
Democrats said the legislation could produce as much as $15 billion in revenue. Most of that money would pay to promote renewable fuels such as solar and wind power, alternative fuels including ethanol and biodiesel and incentives for conservation.
Suppliers of mini-wind turbines and solar panels for the home have reported falls of up to 90 per cent in customer enquiries after the Government cut subsidies in May.
While Energy minister Malcolm Wicks and Conservative leader David Cameron struggle with the vagaries of the UK's planning system (see below) to get their wind turbines erected, fewer ordinary households are now even bothering to apply.
IRS defines start of construction for the Production Tax Credit
April 16, 2013 by Keith Martin and John Marciano in Chadbourne & Parke
April 16, 2013 by Keith Martin and John Marciano in Chadbourne & Parke
The Internal Revenue Service explained today what developers must do this year to be considered to have started construction of new renewable energy projects.
The IRS adopted roughly the same definition for start of construction as under the Treasury cash grant program.
Also filed under [
USA]
Wind farm operators are being paid millions for "wasted" electricity under a complex system known as constraint payments. Since 2011 over £26.5million has been paid out under the constraint payments
Also filed under [
UK]
Obama seen giving himself wiggle room with call for permanent tax credit
April 12, 2013 by Nick Juliano in E&E News
April 12, 2013 by Nick Juliano in E&E News
The PTC's fate could be decided within the broader negotiations in Congress over how to overhaul the tax code for the first time since 1986. Lawmakers on the House Ways and Means Committee and Senate Finance Committee have been meeting privately for months on the topic, and additional details are expected to be rolled out over the course of this year. But it remains an open question whether tax reform will become a reality.
Also filed under [
USA]
Renewable Energy Bill Introduced in U.S. Senate - Senator Conrad introduces bill to extend solar, wind tax credits, other renewable energy provisions
April 10, 2006 in renewableenergyaccess.com
April 10, 2006 in renewableenergyaccess.com
Washington, DC [RenewableEnergyAccess.com] With energy independence and renewable energy development a legislative priority for Congressional leaders, the introduction of another renewable energy legislative proposal made its way to the Senate floor last week.
Also filed under [
Energy Policy|
USA]
Bluewater's new law would impose a building permit fee of $14,000 per turbine on wind developments. The bylaw also imposes refundable security deposits totaling $420,000 per turbine for decommissioning, health and property damage, and legal fees.
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Impact on Economy|
Canada]
Site Acquisition Strategy for California
October 24, 2006 by Western Wind Energy Press Release in Earth Times
October 24, 2006 by Western Wind Energy Press Release in Earth Times
Western Wind Energy Corporation has reviewed the wind energy marketplace across the United States and has determined to seek new wind energy development opportunities in California. The strategy is focused at 30 sites totaling over 1,200 Megawatts.
Spain to cut subsidies to wind-power plants
December 4, 2006 by Kristian Rix in International Herald Tribune
December 4, 2006 by Kristian Rix in International Herald Tribune
PALMA DE MALLORCA, Spain: Spain will cut subsidies to wind-power plants following an overhaul of the way it calculates aid for renewable power sources, hurting earnings at utilities including Iberdrola, the world's largest producer of wind power.
St. Lawrence reaches tax agreement with NeWind
January 30, 2007 by Paul Herridge in The Southern Gazette
January 30, 2007 by Paul Herridge in The Southern Gazette
St. Lawrence Mayor Wayde Rowsell has announced his town council has reached a 20-year tax agreement with NeWind Group Inc.
The deal, expected to generate tax revenues in excess of $2 million for the community over the life of the contract, was reached Jan. 19 after a week of negotiations between the two parties.
NeWind was awarded a contract by Newfoundland and Labrador Hydro in November to operate a commercial wind farm near the town, which will produce 27 megawatts (MW) of power to the island.
Mayor Rowsell indicated the town approached the negotiations with the philosophy a good deal would be one mutually beneficial to both the company and the community, an objective he felt was accomplished.
“We’re quite pleased with what we negotiated with the company.”
Mr. Sanford said he wrote the bill because he is opposed to government mandates, not because he favors any particular energy source-a sentiment echoed by legislators in other states. "Texas is blessed with a lot of incredible resources for energy, wind and solar amongst them. But they need to be developed with free-market principles, not with the heavy hand of government directing us to an inefficient process," he said in an interview.
Also filed under [
Impact on Economy|
USA]
Summertime, with its heat waves, monster electric bills and crippling blackouts, may not seem like the best time for Con Ed to try to sell you on pricier power.
But marketers at ConEdison Solutions, a subsidiary of the giant utility, are betting that, if they ask the right people, they'll find some willing to pay an average of $10 more a month to switch to wind power.
"Despite the fact that everybody would like to pay less for their electricity, there are growing numbers of New Yorkers who are deeply passionate about the environment and want to do something about climate change," said Peter Blom, a ConEd Solutions manager.
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